Travelers Cos. (NYSE:TRV) Chairman William Heyman sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $86.82, for a total transaction of $2,604,600.00. Following the completion of the sale, the chairman now directly owns 192,539 shares in the company, valued at approximately $16,716,236. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on TRV. Analysts at Sandler O’Neill raised their price target on shares of Travelers Cos. from $92.00 to $95.00 in a research note to investors on Thursday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Travelers Cos. in a research note to investors on Wednesday, October 23rd. They now have a $104.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $91.44.
Travelers Cos. (NYSE:TRV) traded up 0.81% during mid-day trading on Monday, hitting $87.33. 1,094,043 shares of the company’s stock traded hands. Travelers Cos. has a 52-week low of $67.62 and a 52-week high of $89.00. The stock’s 50-day moving average is $81.74 and its 200-day moving average is $82.97. The company has a market cap of $31.794 billion and a P/E ratio of 11.09.
Travelers Cos. (NYSE:TRV) last announced its earnings results on Tuesday, October 22nd. The company reported $2.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.66 by $0.69. The company had revenue of $6.45 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the company posted $2.22 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Analysts expect that Travelers Cos. will post $8.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Friday, December 6th.
The Travelers Companies, Inc (NYSE:TRV) is a holding company.
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